* My guest commentary in BusinessWorld Economy section last Friday, July 19.
SELECTED macro-economic data of the Philippines compared
to our more economically-stable neighbors in the region.
* The Philippines is the only economy with consistently
declining GDP growth rate. Others have up-down or down-up trends.
* The Philippines has the highest inflation rate in the
region, 2018 and 2019 Year to date (Ytd., January to May/June).
* The Philippines and Indonesia have high, decline then
increase interest rates. Vietnam has the highest but with slight decline trend.
* The Philippines and Indonesia have the worst current
account/GDP ratio. Difference is that Indonesia has been in negative territory
for several years now, Philippines only in 2018.
The Duterte administration’s ma-croeconomic performance
in the last three years is not sterling, not outstanding, and wasted the
economic momentum from the previous administration. But at least we are still
growing at a high rate above 5%.
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See also:
BWorld 349, Solar Para sa Politika, Part 3, July 18, 2019
BWorld 350, Logistics, infrastructure and the consumers, July 21, 2019
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